Eco-Atlantic has set its sights on raking in big wins from Guyana’s offshore Canje Block, as the operator ExxonMobil gears up for a 12-well exploration campaign.
The company has no direct stake in the Canje Block but holds 7.3% of JHI Associates, which has a 17.5% stake in the Block.
“In Guyana, we continue to benefit from our interest in the Canje Block. The licence remains highly prospective… ExxonMobil and the licence partners are currently evaluating the next steps,” Eco said.
ExxonMobil, operator of the Canje Block with 35% interest, has drilled three wells there – Bulletwood-1, Jabillo-1, and Sapote-1.
Mid-Atlantic Oil & Gas is the other partner on the block with 12.5% interest.
Bulletwood-1 was safely drilled in 2,846 meters of water by the Stena Carron drillship to its planned target depth of 6,690 meters but failed to deliver commercial crude.
Jabillo-1 was also non-commercial. It was safely drilled to a depth of 6,475 meters in 2,903 meters of water by the same rig.
The Stena DrillMax was used to drill Sapote-1 in 2,549 meters of water and safely reached a total depth of 6,758 meters. It found no commercial crude.
These non-commercial wells have not curbed excitement around Canje Block. The most recent published estimate indicates it holds approximately 10 billion oil-equivalent barrels. Westmount Energy, another firm with indirect interest in Canje, had said this prior to the drill campaigns.
The Canje Block lies 180 kilometers offshore Guyana in deep to ultra-deepwater adjacent to the prolific Stabroek Block.
Canje’s environment of deposition is unique among offshore Guyana blocks in that it contains both continental slope and basin floor terrain. Most of the discoveries offshore Guyana to date have been made in the slope environment.